ETHEvsCOIN
Grayscale Ethereum Trust vs Coinbase
Side-by-side crypto treasury comparison across tokens: ETHE (Ethereum) vs COIN (Bitcoin). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. ETHE holds Ethereum, COIN holds Bitcoin — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
ETHE
Grayscale Ethereum Trust
🇺🇸 US
771,871 ETH
$1.5B market value
COIN
Coinbase
🇺🇸 US
16,949 BTC
$1.1B market value
Metric
ETHE
COIN
Holdings (ETH / BTC)
771,871 ETH
16,949 BTC
Market value of treasury
$1.5B
$1.1B
Average cost per token
—
$98,950.50
Total cost basis
—
$1.7B
mNAV (market cap ÷ token value)
—
37.77×
Last disclosed purchase
Jul 13, 2026
May 7, 2026
- Jul 13, 2026+-124 ETH$217.6K
- Jul 10, 2026+-19 ETH$33.8K
- Jul 9, 2026+-18 ETH$31.3K
- Jul 8, 2026+-18 ETH$30.6K
- Jul 7, 2026+-1,079 ETH$1.9M
ETHE vs COIN: frequently asked
Which company has a larger crypto treasury by USD value, ETHE or COIN?▾
ETHE (Ethereum) holds 771,871 ETH worth $1.5B. COIN (Bitcoin) holds 16,949 BTC worth $1.1B. ETHE has the larger USD-value treasury — roughly 1.3× larger.
Can you compare ETHE's ETH holdings directly to COIN's BTC holdings?▾
Not in token-native amounts — ETHE holds Ethereum and COIN holds Bitcoin, so "771,871 ETH" and "16,949 BTC" measure different assets. The honest comparison is USD market value: $1.5B vs $1.1B at current prices.
What's ETHE's cost basis per ETH, and COIN's per BTC?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did ETHE last buy Ethereum?▾
ETHE disclosed a -124 ETH purchase on July 13, 2026.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.